Employers Continue to Absorb Rising Health Insurance Costs
KFF recently issued its 2024 Employer Health Survey and – to the surprise of nobody – found that annual premiums for employer-provided health insurance shot up yet again in the past year, rising 7%. What is interesting, however, is that the share paid by workers was little changed; in fact, according to KFF, the premiums…
4 Trends in HR that Highlight the Importance of Total Rewards Stories
Key takeaways: Employees increasingly expect comprehensive total rewards packages that go beyond basic salary, requiring employers to clearly communicate their total rewards stories to their teams. There’s a growing demand for customized rewards statements that reflect individual needs and benefits, helping employees understand how their benefits align with their personal and professional goals. Transparent total…
Giving Workers What They Want
As workers continue to be well-positioned in a strong economy with low unemployment, employers are strategizing about how best to recruit and retain a strong, stable workforce. Many employers will be tempted to use gimmicks that were first made popular years ago among trendy tech firms– think ping pong tables and free snacks. But in…
Total Compensation Statements Help Employers Recruit and Retain Top Talent
A recent article in Employee Benefit News notes that U.S. companies continue to be cautious when it comes to handing out raises and bonuses. But in today’s environment of historically low unemployment, employers still need to compete in order to recruit and retain top talent. One tactic they are embracing is improving their benefits offerings. Unfortunately for…
Are Your Employees Thankful for Benefits?
A recent article in Employee Benefit News examines an emerging trend of employers making changes to existing benefit offerings with the goal of increasing employee retention and boosting recruitment efforts. While the article focuses on examples of companies adding new benefits, it also mentions the following example of a situation in which a current benefit…
Study: Employers Pay Nearly 75 Percent of the Cost of Health Insurance
Chances are you didn’t see the above headline last week. However, it is one takeaway from the 2018 Employer Health Benefits Survey published by the Kaiser Family Foundation. Most articles about the survey focused on the finding that the average cost of employer-provided health insurance reached nearly $20,000 over the past year. Of course, there is…